Hi,
I know there's a huge thread on Philippines but the aspect of business wasn't really discussed there so I thought I'd make this since I'm sure it's something that a lot of people would have thought of.
I was confused as to where to put this thread but I chose the travel section since it involves moving to a new country, just for a different motive than women and sex.
So here's the thing. I have a successful business here in India which makes me enough to live comfortably here but I really want to move out.
I'm thinking of Philippines as a possible outlet for my business. My business is location-independent in the sense that it's not completely online but it can be set-up anywhere in the world if there's demand for it. And after doing some quick research, I found a lot of businesses in my niche in Manila who seem to be doing very well.
So the question is - How does a foreigner start a business there?
I don't have the millions usually required for entrepreneur visas of some of the more advanced countries but I do have enough savings to go to Manila, start from scratch, hire a few people there and weather even 6-8 months of loss if required.
But is it even allowed by the government? Or will I need a Filipino citizen as a partner?
Thank you!
I know there's a huge thread on Philippines but the aspect of business wasn't really discussed there so I thought I'd make this since I'm sure it's something that a lot of people would have thought of.
I was confused as to where to put this thread but I chose the travel section since it involves moving to a new country, just for a different motive than women and sex.
So here's the thing. I have a successful business here in India which makes me enough to live comfortably here but I really want to move out.
I'm thinking of Philippines as a possible outlet for my business. My business is location-independent in the sense that it's not completely online but it can be set-up anywhere in the world if there's demand for it. And after doing some quick research, I found a lot of businesses in my niche in Manila who seem to be doing very well.
So the question is - How does a foreigner start a business there?
I don't have the millions usually required for entrepreneur visas of some of the more advanced countries but I do have enough savings to go to Manila, start from scratch, hire a few people there and weather even 6-8 months of loss if required.
But is it even allowed by the government? Or will I need a Filipino citizen as a partner?
Thank you!